Fintech firms target loans to individuals in region

ST ILLUSTRATION: MANNY FRANCISCO

Trickier to run services in S'pore due to strict laws, competition from traditional lenders

The fintech boom has sparked a stream of mobile-friendly financial services in South-east Asia including Singapore, from e-wallets to remittances and cryptocurrency trading.

Now, some firms are inching into territory that has long been occupied by banks and moneylenders - loaning funds to individuals.

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A version of this article appeared in the print edition of The Straits Times on November 29, 2018, with the headline 'Fintech firms target loans to individuals in region'. Print Edition | Subscribe